Domenic DiPiero, founder and president of Newport Capital Group bought the paper from Mickey Gooch, founder and president of GFI Group under terms that have not been disclosed.

DiPiero is a lifelong Two Rivers area resident, according to an announcement of the paper’s sale posted on it’s website on Monday.

“I look forward to continuing the great tradition that The Two River Times has built. I want the newspaper to continue to be a source of pride and news in the community,” DiPiero said, according to the TRT announcement.

Gooch, and his now ex-wife Diane, bought the paper from Geraldo Rivera in 2004.